Centerbridge set to seal Sompo Canopius deal

New York-headquartered private equity house Centerbridge is in
advanced talks to acquire Sompo Canopius as part of a management
buyout (MBO) of the Lloyd's (re)insurer, The
Insurance Insider can reveal.
It is understood that the all-cash deal will value Sompo
Canopius at upwards of $900mn, dwarfing Axis' takeout of listed
player Novae.
Broking sources said they expected the deal to be finalised over
the next fortnight, with Sompo Canopius' management keen to
provide certainty around the group's